Dalian Project aquisition: - Projected Annual Revenues of $19.2 Million - Significant Deposits of Gold, Platinum, Palladium, Rhodium and Copper Identified - Once the due diligence is completed and agreements are signed Equitable Mining Corp. will own 35% of all operations and mineral rights. Significant deposits of gold, platinum, palladium, rhodium and copper have been identified in the mine and mine tailings and monthly revenues of $1.6 million and annual revenues of $19.2 million are projected.
Bonanza Property in Ontario, Canada (Red Lake Mining area) - Equitable's Bonanza Property consists of 14 claims adjacent to Goldcorp's Red Lake Mine, which produces 550,000+ ounces annually and is one of the richest, most profitable gold mines in the world. Red Lake Mine contains the world-renown High Grade Zone with 4.4 million ounces of high grade gold reserves. - Equitable is pleased to announce the purchase of 10 claims in Dome Township, Red Lake mining district - Equitable has retained the engineering firm Clark Exploration Consulting Inc to give a 43101 report and management feels that said report should show 300,000 plus tons of .20au gold. Said report should be completed and filed within 30 days. The property consists of twelve unpatented claims and 2 patented claims (KRL 11325 and KRL 11442), with a total area of approximately 355 hectares. They are adjacent to properties owned by Wolfden Resources that have identified significant gold mineralization. These claims border on the south of Gold Corp. claims and west and south of Wolf Den's claims. Wolf Den's Drill Programs have completed 6 holes with multiple holes having visible gold. they plan to begin drilling operations in June of this year. Also, the company is in the process of closing on a mining property in Ecuador that already has proven reserves.
Additional mining properties (acquisitions) in North and South America. - With joint-venture partner Atlantis Acquisition 1, the company announced it is close to closing on its first South American precious metals project in Colombia, where striking test results indicate confirmed deposits of a rich gold-copper-silver. The company has also entered into discussions around an additional group of claims in Northern Ontario and other North American locations....
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